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050417 EURUSD

by | Apr 5, 2017 | EUR/USD | 0 comments

GCMAsia - EURUSD
GCMAsia - EURUSD
GCMAsia - EURUSD
2017-04-05
Resistance and Support Level Explanation
Resistance 1.0700 H4
Support 1.0650 H4

EURUSD, H4: EURUSD was traded higher following prior rebound from the support level of 1.0650 while closing above the 20-moving average line (red). Referring to the MACD histogram which illustrates an upward signal and momentum, EURUSD is expected to advance further up towards the target of resistance level at 1.0700.

 

Resistance level: 1.0700, 1.0750

Support level: 1.0650, 1.0580